11 best books on investing
Along with the business literature devoted to self-development and personal growth, improving the quality of sales, books on investing are in demand. They will help to sort out such a topic as a competent investment of funds for obtaining various types of benefits. Note: they do not replace the theoretical and practical knowledge of professional investors, but are suitable for upgrading information on a topic. Books, as a rule, are written by successful successful investors, specialized trainers, and researchers in the investment market. The experts of the online magazine EXPERTOLOGY made a rating, which included 13 best books on investing. The review is based on the opinions of reputable businessmen and traders.
Rating of the best books on investing
"Stock market. Course for beginners. The team of authors. From the “Reuters for Financiers” series
Rating: 5.0
The leader of the rating is the book “Stock Market. Course for beginners. Despite the name, it is suitable for investors of any level from beginners to pros - some will be able to understand the structure of stock markets, the intricacies of effective investment, others will draw on the experience and tricks of business gurus.
To understand the mechanisms of investment, the authors provide a detailed structure of the market, analyze its purpose and features of functioning, reveal the principles of its work. This information is necessary for all professionals in whose field of activity there are securities - there is an understanding of the correct trade in them.
For newcomers, the authors reveal the secrets necessary for new players to enter the stock market: what tools are needed, what should be feared and how exactly should not be done to avoid loss, how to properly evaluate stocks and risks. All information is set out available and supported by examples from life, taken from the experience of real traders, the activities of large companies, gurus and newcomers to investing.
In addition to theory, the book has exercises for testing knowledge, “Stock Market. The course for beginners ”can be used as a desk reference book of an existing broker and even as a textbook for a student, assistant for a teacher of banking, economics, etc. A truly universal and valuable book.
“Warren Buffett. The best investor in the world ", Alice Schröder
Rating: 4.9
If the first book in the ranking is a methodological guidebook, then “Warren Buffet. The best investor in the world ”is a biography, within which there are many answers to questions about the right investment in terms of the life of the most famous and wealthy person in the world of finance. What is the phenomenon of Buffett, who helped the billionaire to achieve such success, what personal qualities the king of business had, what method of work he used - all these questions are revealed in the book.
In addition to business aspects, the author covers Mr. Buffett’s high life - hobbies, lifestyle, business and close circle of friends, thinking, even unique facts from the history of the billionaire family are given.
Alice Schröder, author of the book, worked as a financial analyst, and subsequently as a representative of Wall Street, who for several years Buffett himself trusted his thoughts and arguments on various issues. Actually, he became the customer of the book, having opened access to the archival information about his own business and family, therefore the biography “Warren Buffett. The world's best investor ”is completely authentic and authorized, written on the results of more than 2000 hours of interviews with the investor himself and two and a half hundred other close associates and proxies, specialists in the investment industry.
“Memoirs of a stock speculator”, Lefevre Edwin
Rating: 4.8
The next in the rating book “Memoirs of a stock speculator” is one of the oldest of its kind - its first edition was published in the distant 1923, but the information presented is still relevant, despite the significant transformation of the financial world.
The book is dedicated to the biography of the most famous speculator Jesse Livermore, who became the prototype of the protagonist Larry Livermore. He talks about his hard life, about successes and failures in life, in particular in the game on the stock exchange. The author cites the history of life from the graduation of the main character’s school to deep immersion in currency games, the development of his own effective game method. Larry is single-minded - he is moving step by step towards his dream of becoming rich, without falling down and losing his whole fortune to a cent, while speaking of reward for perseverance.
The value of the book is not only in the personal example of the protagonist, Lefevre Edwin depicts investment markets, their structure, which in essence has not changed, the psychology of brokers, the crowd, and the influence of demand on many factors of the game. “Memoirs of a stock speculator” is interesting both as a teaching aid that does not lose relevance, and as an interesting autobiography. The book does not give clear algorithms of action, but instills the need to change the attitude to money, securities, work with them.
"Reasonable Investor", Benjamin Graham
Rating: 4.7
The book "Reasonable Investor", even after the first edition in 1950, was blessed by Warren Buffett himself, did not refuse approval and recognition even years later, having reached his fabulous state - so the information from Benjamin Graham was relevant. The publication suffered 10 reissuances, each time the author contributed something new to them.
“A reasonable investor” is a storehouse of knowledge necessary for a novice and experienced investor: information on investment policy, principles of doing business and the correct behavior of a broker. Graham examines the principles of portfolio policy, identifies promising investment objects and their search, predicts inflation rates, etc. The author became the idea of investing not for money, but for the idea that fundamentally changes the attitude to the process itself.
"Technical analysis. Full Course, Jack Schwager
Rating: 4.6
The next in the rating book is “Technical Analysis. Full course "can be used as a reference to a novice investor. It contains answers to questions arising in the process of acquaintance with the stock market, stocks, the course must be mastered before any activity in the financial markets begins.
Jack Schwager gives a detailed description of the mechanisms of the market, a thorough technical analysis of processes, forecasts, their strengths and weaknesses, considers all types of working systems: wave, candle, graphic and computer. All key concepts and methods are considered in detail and clearly, the author examines typical mistakes of beginners and even business sharks using real examples, reveals the secrets of traps and false hooks.
After reading the book, a novice investor will learn how to properly build their own activities, make forecasts, remain calm in certain events, assess risks and determine the feasibility of investing. For professional traders and newcomers to the stock market “Technical analysis. Jack Schwager's Full Course will become a desktop reference to which you can refer to if any situations appear to be incomprehensible at first glance.
"How to play and win on the stock exchange," Alexander Elder
Rating: 4.5
The book "How to play and win on the stock exchange" was written by a professional broker, technical expert Alexander Elder, highlighting the three factors of a successful trader: risk control, methods of work and the psychological state of the player. They determine how successful the activity of a specialist will be, how justified his actions will be. Elder writes about emotional traps, about the optimal approach to finding profitable deals, working with charts - a complete analysis of the stock exchange is given, beginners can easily learn how to do it themselves.
The uniqueness of the book is in the author’s linking of analysis methods to the gambling system, which brings a positive effect so that the amount on the account only increases. No less important are the rules for limiting risk, which will help to save money in case something goes wrong.
The book “How to play and win at the stock exchange” presented in the rating is the 14th edition, supplemented according to the latest trends of the stock market.
“Peter Lynch Method. Individual Investor Strategy and Tactics, Peter Lynch
Rating: 4.4
Peter Lynch is known as one of the most successful financial analysts in the world, the author of unique formulas that have led many investors to a multi-million dollar state. The basis of Lynch's methods is simple in mastering and applying methods of analyzing situations and evaluating them. The first task from the author - the reader's assessment of himself as an investor can be a dead end, but it allows him to understand what qualities need to be worked out for successful activity. Only after that Lynch proceeds to the analysis of investment opportunities, talks about possible mistakes and methods of reading financial indicators.
Readers note the simple language of the presentation of the material, a sense of humor of the author, the completeness and usefulness of information, useful tips gurus investing. The book can be used as a guide for beginners and experienced traders.
“Bond Market. Analysis and Strategies ”, Frank Fabozzi
Rating: 4.3
The book by Frank Fabozzi contains a wealth of valuable information for financial professionals working with bonds. It is used as a textbook in business schools and specialized universities, they prepare and pass CFA exams, as a reference book for financiers.
“Bond Market. Analysis and Strategies ”contains complete information on bonds, which any investor needs to know; issues of types of issuers, maturities and significance of these securities are disclosed. The reader will know what a fixed and floating rate is, how to work with it, what bonds with built-in options are and much more that needs to be considered when working with different types of securities.
The latest edition of the book contains updated information on the collective investments of companies in instruments that generate fixed income, determining the significance of the credit spread of corporate-type bonds with a focus on the growth of pension funds with fixed payments.The manual is suitable for use as a reference by banking professionals, brokers, advanced and novice investors, students and teachers.
“The Way of the Turtles. From Amateurs to Legendary Traders, Curtis Face
Rating: 4.2
The Turtle program is a unique experiment that was conducted by 2 traders (one of them is the author of the book), concluding a bet: one claimed that anyone could be taught trading, the other tended to think about successful work only by professional experienced securities traders. Traders invited a few newbies and provided them with a starting deposit, banning them from talking about the upcoming experience for 20 years. As a result, after a few, all the “test subjects” increased the account balance by an average of 80% per annum, which was a vivid example of the independence of experience from the dynamics of cases, and the Turtle program, in which participants studied, showed high efficiency.
Curtis Faith talks about the principles for the selection of potential experimental subjects, gives an analysis of the working algorithms of "Turtles", reveals the secrets of trading, used by him in the successful trading of securities.
"Liars Poker" by Michael Lewis
Rating: 4.1
The book “Liars' Poker” is the story of a single hero, 2 years past the path from an intern to the heights of trading success. The ruthlessness and frankness with which he goes to his goal, amaze, show how different the motivation of different people on the path to the tasks set can be. The book has a lot of satire, which in the best way helps to show the whole internal kitchen of the once one of the largest companies Salomon Brothers. Wall Street's excesses are accurately depicted, especially vividly manifested just in the 80s of the last century.
Lewis does not just show the path of a specialist, he broadcasts the psychology that made the hero a success, but how much it is acceptable for each person is the second question.
There is no exact theory in the book, “Liars' Poker” is, rather, a documentary reading paper showing the history of an investment bank.
“Quanta. How wizards from mathematics earned billions and nearly collapsed the stock market ", Scott Patterson
Rating: 4.0
Closes the rating book on managers of the stock market. It will open the curtain to the secrets of economic crises, the future of the world economy.
The book "Quanta" tells about the development of algorithmic funds on the example of the development of Renaissance Technologies. Few people think that behind all these manipulations and calculations there are people, talented, and not always fully appreciated. This is what they are about in the book, in particular about their way of life. Peter Muller, Jim Symons, Ken Griffin, Cliff Esness - mathematics, in whose hands was the management of the trillionth state - in part this was the cause of the 2008 crisis.
The book reveals the mindset of talented traders on the planet, their reaction to the loss of money and the economic crisis, bringing the collapse of total capital. Where are they now, these people? The answer to this question is also in the book.
Attention! This rating is subjective, is not advertising and does not serve as a guide to the purchase. Before buying, you should consult with a specialist.
